Canada Pension Plan Investment Board (CPP Investments) has announced a strategic partnership with CtrlS Datacenters Limited, committing up to Rs 70 billion (C$1 billion) to scale its digital infrastructure footprint in one of the world’s fastest‑growing data economies.
As part of the partnership, CPP Investments will invest Rs 40 billion (C$588 million) to acquire an 8.2 per cent stake in CtrlS. In addition, CPP Investments and CtrlS will form a joint venture to develop hyperscale data centre campuses across India. CPP Investments has committed up to Rs 30 billion (C$441 million) to the joint venture and will hold 48 per cent equity ownership, with CtrlS owning the remaining 52 per cent.
The partnership aims to speed up the development of next-generation data centre infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India’s rapidly expanding digital economy.
Commenting on the partnership, senior managing director and global head of real assets, CPP Investments, said, “As one of the world’s fastest growing digital markets, India represents an important pillar of our global data centre strategy. Demand for data centre infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand. This partnership with CtrlS positions us to scale high‑quality infrastructure and deliver long‑term value for CPP contributors and beneficiaries.”
He added, “This investment builds on more than a decade of investing in India and the strength of our local platform. With an established presence on the ground, we continue to focus on investing alongside high-quality partners such as CtrlS and executing with discipline over the long term.”
Meanwhile, founder and chief executive officer, CtrlS, said, “India’s AI moment is not on the horizon, it is already here. The demand signals from hyperscalers, cloud providers, and enterprises are clear and unmistakable. Over the years, CtrlS has focused on reliability, sustainability, and long-term growth. Our partnership with CPP Investments reinforces these values. Together, we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets.”
